988,990,1000 Northrop

Industrial for Sale
Catylist Listing ID: 30453981
Property Subtypes: Truck Terminal
Building Size (RSF): 6,827 SF
Gross Land Area: 4.63 SF
Sale Price: $750,000
Unit Price: $109.86 PSF
Ceiling: 14 ft.
Drive In Bays: 4 Bays
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 13.9%
Average Occupancy Rate: 100
Last Updated: 7/3/2019

Overview / Comments

O,R&L Commercial is pleased to present an investment opportunity for a school bus terminal on 4.63 acres 100% leased to a National School Bus Company at 88,990,1000 Northrop in Wallingford, CT. This strong credit tenant has been in place since 2006 and the property has a long history of providing school bus services to multiple school districts. The 4.63 acre site has a 2 garage facilities situated on the property.

Attachments & Media

Additional Details

Nearest MSA: New Haven-Milford
County: New Haven
Tax ID/APN: 54-10
Highway Access: I-91, Exit 15. Right onto CT-68 (Barnes Road). Right onto Northrop Road.
Site Description: I-91, Exit 15. Right onto CT-68 (Barnes Road). Right onto Northrop Road.
Area Description: I-91, Exit 15. Right onto CT-68 (Barnes Road). Right onto Northrop Road.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1955
Year Renovated: 2013
Roof Type: Gable
Construction/Siding: Brick
Sprinklers: None
Heat Type: Oil
Air Conditioning: Other
Zoning Description: I5 and IX
Water Service: Municipal
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,232 45,000 120,707
Median Age: 42.04 40.94 40.44
Households: 744 17,776 47,659

Contact

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Hartford Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.